Wing Xi decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. (1) (2) (3) (4) (5) (6) (7) (8) (9) Xi invests $25,000 cash in exchange for common stock on June 1. Purchased equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days. Purchased supplies for $1,200 cash. Received a bill from Campus News for $200 for advertising in the campus newspaper. Cash receipts from customers for pizza sales amounted to $1,500. Paid salaries of $200 to student workers. Billed the Tiger Football Team $300 for pizzas ordered. Paid $200 to Campus News for advertising that was previously billed in Transaction 4. Xi paid dividends of $1,200.

Wing Xi decides to open a pizza parlor near the local college canous that wal operate as a corporation. Analyze the following transqctions for the month of June in terms of their effect on the basic accourting equation. (1) Xi imvests $25,000 cash in esthange for contwon stock on June : (2) Purchsted equipment for $4,000 paring $2.000 in cash and the remainder due in 30dans (3) Purchased upplies for $1200cash (5) Cashreceigts from custeners for pira walec amounted to $1,500 (b) Paid salaries of $200 to student worker: b) Diled the Tien Footbos Tean 5300 for pustus ordered (6) Pald $200 to Cances News lor advertinine that wat prevouly tuted in Tramacton 4. (9) Xipaid avidends of $1700